NEW YORK, Nov. 7, 2011 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities law firm, is investigating the Board of Directors of CKF Bancorp Inc. (OTC BB: CKFB) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of CKF to Kentucky First Federal Bancorp. Under the terms of the proposed transaction, each shareholder of CKF can receive either $9.50 in cash for each share, a number of shares of Kentucky First common stock, or a combination of cash for 40 percent of shares and stock for 60 percent of shares.

The investigation concerns whether the CKF Board of Directors breached their fiduciary duties to CKF stockholders by failing to adequately shop the Company before entering into this transaction and whether Kentucky First Federal is underpaying for CKF shares, thus unlawfully harming CKF stockholders. Indeed, the book value alone of CKF is approx. $11.50 per share.

If you own common stock in CKF and wish to obtain additional information, please contact us at:

Tripp Levy PLLC
Toll Free: 877-772-3975
Email: contact@tripplevy.com
www.tripplevy.com

Tripp Levy PLLC is a national law firm that specializes in mergers & acquisitions, takeover litigation, shareholder rights, and corporate governance matters in state and federal courts throughout the United States. Attorney advertising. Prior results do not guarantee a similar outcome.

SOURCE Tripp Levy PLLC